As a researcher delving into the realm of blockchain technology, I am thrilled to share that I’m part of the collaboration between Bitget and Jambo, a mobile network innovatively built on blockchain. We are jointly embarking on a fundraising journey with an aim to launch a satellite. The goal is to raise approximately $5 million through a token sale, which will be instrumental in financing this satellite launch. This ambitious project by Jambo aims to broaden the reach of decentralized services, thereby expanding accessibility and fostering a more inclusive blockchain ecosystem.
This news comes from an exclusive press release shared with BeInCrypto.
Bitget and Jambo Aim for the Stars
Bitget, a prominent global cryptocurrency exchange, has teamed up with Jambo for an ambitious project. Launched in 2022 with the aim to be “Africa’s WeChat,” Jambo unveiled a blockchain-integrated phone last year through partnership with Aptos.
Bitget CEO Gracy Chen described how her company could help the firm build satellite infrastructure:
Chen stated that Jambo’s mission of uniting the world via blockchain and mobile technology fits seamlessly with our goal to back groundbreaking initiatives. By assisting Jambo with their satellite project through LaunchX, we aim to bolster their work in closing the digital gap and exploring the possibilities of Web3 for developing countries,” Chen asserted.
By teaming up with Bitget, Jambo can simultaneously achieve multiple key objectives. The native token ‘J’ sits central to Jambo’s DeFi environment, and it plans to introduce this token using Bitget’s LaunchX launchpad.
In simpler terms, CEO James Zhang highlighted that the upcoming satellite launch will allow Jambo’s communication hardware to work more closely together within its infrastructure, opening up fresh opportunities across the related technology landscape.
As a crypto investor, I’ve noticed that Bitget has been generating quite a buzz following the successful launch of the Jambo satellite. While my BGB tokens hit an unprecedented peak at the end of last year, they’ve seen some substantial corrections since then.
In an effort to maintain and increase the worth of its token, Bitget decided to destroy 800 million units. However, the value has remained stationary since then. Such a high-profile release could generate significant goodwill among investors.
Additionally, it’s said that the exchange aims to grow its presence in multiple international markets, with Lithuania being considered as a potential regional base for adhering to MiCA regulations within the European Union. This strategic move might further boost BGB’s popularity over the long haul.
In essence, achieving the goal of sending a satellite into space remains a tough task for Jambo. However, they intend to gather approximately $5 million via Bitget LaunchX as part of their fundraising efforts, though it’s important to note that this amount may not be sufficient on its own to launch a satellite.
Costs can fluctuate significantly, with the least expensive choices usually exceeding $10 million. As of now, specific solutions to these difficulties haven’t been presented by Jambo, but it seems they may be exploring extra financing options to attain the desired project result.
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2025-01-17 11:25